
Forex & Oil Update: Dollar Gains, Euro & Yen Under Pressure
The U.S. dollar is gaining against major peers—the yen, euro, and pound.
The U.S. dollar is gaining against major peers—the yen, euro, and pound.
The US dollar is weakening against the yen, euro, and pound.
This week, GBP/USD has shown mixed performance: the pair first dropped toward 1.3330 but later recovered part of its losses and is now trading near the middle line of the Bollinger Bands.
The USD/CHF pair is trading in a corrective trend near 0.8047, preparing to extend growth following the latest inflation data.
The USD/JPY pair is correcting within an uptrend around 148.21, supported by the positive performance of the U.S. dollar.
The euro is trading flat against the U.S. dollar in the Asian session, holding near 1.1660 as market activity remains subdued ahead of the release of August U.S. labor market data at 14:30 (GMT+2).
During the Asian session, the Dow Jones index continued yesterday’s bullish momentum, regaining earlier losses on the back of supportive macroeconomic data.
The New Zealand dollar is gaining against the US dollar during the Asian session, correcting after a sharp decline the day before. The pair is testing the 0.5865 level for an upside breakout, while overall market activity remains subdued.
The euro is trading flat against the US dollar during the Asian session, holding near 1.1660 as market activity remains subdued ahead of key US labor market data due at 14:30 (GMT+2).
The U.S. dollar is trading higher against the yen in Thursday’s Asian session, consolidating near the 148.00 level. Market activity remains subdued as traders await key U.S. labor market reports.
The British pound is weakening against the U.S. dollar in Thursday’s morning session, holding a modest bullish bias after yesterday’s corrective pullback. The pair is testing the 1.3430 level for an upside breakout but has yet to recover losses from Tuesday, when it hit lows last seen on August 6.
No matter the lane—FX, stocks, or commodities—the job is to marry the story with the tape. In FX, watch the macro prints and central-bank moves, especially rates. In equities, it’s earnings, cash flow, competitive edge, and the broader rate/growth backdrop. For commodities, price is shaped by supply and demand, inventories, weather, and geopolitics. Then use the charts—trend and momentum, support/resistance, volume, and familiar patterns—to pick entries and exits and keep risk on a leash.